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Creation and evolution of European economic and monetary union : lessons for Asian economic integration

Subramanian, Muthurangam; Taghizadeh-Hesary, Farhad; … - 2020

of history confirm the stability of the euro as a single currency in the region and it is seen as a great achievement of …

Persistent link: https://www.econbiz.de/10012212663

Europe's debt crisis, coordination failure, and international effects

Collignon, Stefan - 2012

. It finds that political mishandling has increased uncertainty, which has contributed to a tendency for the euro to become …

Persistent link: https://www.econbiz.de/10009560024

Europe and Northeast Asia : different responses to financial crises

Wissenbach, Uwe - 2020

This paper focuses on the critical differences, but also some commonalities, between the EU and three countries in Northeast Asia - the People's Republic of China (PRC), the Republic of Korea, and Japan ‒ in responding to financial crises. The EU's response is naturally multilateral, but the...

Persistent link: https://www.econbiz.de/10012219782

Economic stability and choice of exchange rate regimes

Kaji, Sahoko - 2013

the current euro area crisis. The euro may have led to bubbles, but member economies were not free of trouble before the … euro. Many members were losing competitiveness and in need of removing structural rigidities. If anything, the euro was … introduction of the euro and then discuss the governance overhaul taking place in Europe today. This overhaul was something that …

Persistent link: https://www.econbiz.de/10009706243

Asia in global governance : a case for decentralized institutions

Kawai, Masahiro; Petri, Peter A.; Şişli-Ciamarra, Elif - 2009

The global economic crisis refocused attention on the governance of international economic institutions (IEIs). This study uses the analytical framework of club theory to highlight structural obstacles to reform in international macroeconomic management, development finance, trade, and financial...

Persistent link: https://www.econbiz.de/10003901475

Reform of the international financial architecture : an Asian perspective

Kawai, Masahiro - 2009

- particularly that of systemically important economies (such as the US, the UK and the Euro Area) - as well as its governance …

Persistent link: https://www.econbiz.de/10003901587

Asia's role in the global economic architecture

Kawai, Masahiro; Petri, Peter A. - 2010

The global economic and financial landscape has been transformed over the past decade by the growing economic size and financial power of emerging economies. The new G20 summit process, which includes the largest emerging economies, has established high-level international policy cooperation in...

Persistent link: https://www.econbiz.de/10008732364

The financial crisis : a wake-up call for strengthening regional monitoring of financial markets and regional coordination of financial sector policies?

Winkler, Adalbert - 2010

How much can regional monitoring of financial markets and coordination of financial sector policies contribute to preventing and mitigating financial crises? This paper reviews and compares the experiences of Europe and Asia, which have taken different routes and have achieved different levels...

Persistent link: https://www.econbiz.de/10003982941

Regional monitoring of capital flows and coordination of financial regulation : stakes and options for Asia

Plummer, Michael G. - 2010

The ongoing global economic crisis has punished Asian economies severely, despite the fact that its origins derive from outside the region. The global economic crisis was transmitted through real and financial channels, underscoring how vulnerable the region is to external shocks. This paper...

Persistent link: https://www.econbiz.de/10003983102

Applying the lessons of Asia : the IMF's crisis management strategy in 2008

Takagi, Shinji - 2010

The paper examines the recent European crisis management programs of the International Monetary Fund (IMF) to see how the lessons of Asia were applied. Compared to the Asian programs of 1997, the European programs of 2008 were better funded and their structural conditionality more focused. Other...

Persistent link: https://www.econbiz.de/10003983130